Preface: I'm not a newbie to eBay or the Internet. I've been around for a while, and have been into programming unix internet applications, robots, doing web design, graphic art, among other things. Until it happened to me, I was never aware of this scam, which is why it shocked me afterwards, that eBay was aware of, and ignored abuse issues! I quote below, my words when I figured out what happened.

Description:

eBay loophole-- there is an easy way to win any eBay auction for almost no money. I just had it happen to me, and I'm very unhappy with the results of my lost time, and eBay charging me fees that I now have to try and get retracted. While in my case, I had a reserve, many auctions out there do not, and eBay encourages no reserve with their 'hot item' section. To make matters worse, if you start your item off at a reasonable price, you'll get very few bids, and thus less people watching it during the final minutes of the auction.

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